California Owner Financed Land
If you are thinking of buying land in California but are hesitant because you don't think you will
qualify for a bank loan, owner financing may be a good option. The key benefit for the buyer
in an owner financed land deal (or Land Contract) is the fact that since you are buying directly
from the owner it is often not necessary to come up with a large down payment or submit to a
Since the seller of the property holds the title to the land until the entire balance is
paid, there is little risk to the seller even if the buyer has had credit problems.
Owner Financed land has benefits and drawbacks for both parties. For the buyer, the easy
financing is a big plus, but a drawback is the fact that most owner finance land is sold at a
higher interest rate than a bank loan. For the seller, owner financing makes it easier to sell the
land since there are more potential buyers.
The down side is that the seller will not receive the total sale price for several years and takes
on the inconvenience of having to collect payments each month.
Because of the economy and the wealth of beautiful vacant land in California we can expect to
see more owner financed California land transactions in the future.
If you have owner financed land for sale in California,
send a link to firstname.lastname@example.org and we will
include it in this directory.